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UCO Bank reports 81% rise in Q1 net profit

29 Jul 2023 Evaluate

UCO Bank has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The Bank has reported 80.79% rise in its net profit at Rs 223.48 crore for the quarter under review as compared to Rs 123.61 crore for the same quarter in the previous year. Total income of the bank increased by 54.27% at Rs 5856.95 crore for Q1FY24 as compared Rs 3796.59 crore for the corresponding quarter previous year.

UCO Bank is a commercial bank and a Government of India Undertaking. The Bank offers wide range of services includes Personal Banking, Corporate Banking, International Banking, Rural Banking and other services.

Peers
Company Name CMP
State Bank Of India 941.00
PNB 116.00
Bank Of Baroda 235.00
Canara Bank 118.10
Union Bank Of India 171.45
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